{"id":348736,"date":"2025-10-27T16:08:54","date_gmt":"2025-10-27T10:38:54","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=348736"},"modified":"2025-10-27T16:08:54","modified_gmt":"2025-10-27T10:38:54","slug":"duty%e2%80%91free-tariff-preference-dftp-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/duty%e2%80%91free-tariff-preference-dftp-scheme\/","title":{"rendered":"Duty\u2011Free Tariff Preference (DFTP) Scheme\u00a0"},"content":{"rendered":"<p><strong>News: <\/strong>According to a recent WTO report, India is now a top developing economy partner for Least Developed Countries, offering more extensive duty-free market access than China or the EU.<\/p>\n<h2>About Duty\u2011Free Tariff Preference (DFTP) Scheme<\/h2>\n<ul>\n<li><strong>India launched the DFTP Scheme in 2008.<\/strong><\/li>\n<li><strong>Objective:<\/strong> To provide <strong>preferential market access to Least Developed Countries (LDCs).<\/strong><\/li>\n<li>The decision was prompted by the<strong> outcome of the WTO Hong Kong Ministerial Declaration (December 2005).<\/strong><\/li>\n<li>Under the scheme, <strong>India became the first developing country to introduce a preferential tariff programme for LDCs.<\/strong><\/li>\n<li><strong>Key Features<\/strong>\n<ul>\n<li><strong>Duty-Free Access to Indian Market:<\/strong>\u00a0India provides<strong> duty-free access for products originating from LDCs, covering approximately 98.2 % of tariff lines;<\/strong> only about 1.8 % of product categories face regular duties.<\/li>\n<li>The scheme <strong>applies to exports from eligible LDCs to the Indian market.<\/strong><\/li>\n<li><strong>Eligible Countries:<\/strong> The scheme <strong>applies to all nations designated as Least Developed Countries by the United Nations.<\/strong> India extends this preferential market access to approximately <strong>48 such countries spanning Africa, Asia, and the Pacific regions.<\/strong><\/li>\n<li><strong>Eligible Products:<\/strong> These include <strong>agricultural products, textiles and garments, handicrafts and traditional goods, leather goods and minerals and metals.\u00a0<\/strong><\/li>\n<li><strong>Technical assistance and training are offered to LDCs<\/strong> to help improve export quality and standards.<\/li>\n<li>LDCs under the scheme benefit from <strong>increased market access, export growth, and potential foreign investment.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Benefits to LDCs through this scheme:<\/strong>\n<ul>\n<li><strong>Export opportunities:<\/strong> Duty-free access helps LDCs increase export volumes to India and thereby raise trade revenues.<\/li>\n<li><strong>Economic growth<\/strong>: With enhanced exports, LDCs may generate employment, raise incomes and support poverty reduction.<\/li>\n<li><strong>Diversification:<\/strong> The scheme encourages LDCs to broaden their export base and develop comparative advantages across sectors.<\/li>\n<li><strong>Technology and capacity-building:<\/strong> Technical assistance under the scheme helps LDC exporters improve product quality, increasing competitiveness.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: According to a recent WTO report, India is now a top developing economy partner for Least Developed Countries, offering more extensive duty-free market access than China or the EU. About Duty\u2011Free Tariff Preference (DFTP) Scheme India launched the DFTP Scheme in 2008. Objective: To provide preferential market access to Least Developed Countries (LDCs). The&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/duty%e2%80%91free-tariff-preference-dftp-scheme\/\">Continue reading <span class=\"screen-reader-text\">Duty\u2011Free Tariff Preference (DFTP) Scheme\u00a0<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,164],"tags":[11872,10501],"class_list":["post-348736","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-international-relations-daily-factly-articles","tag-9pm-daily-factly","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/348736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=348736"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/348736\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=348736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=348736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=348736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}